AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
My family would like to buy a resale EA near Pasir Ris MRT. However, I need to sell my condo before I can buy. I am aware that proper timing is crucial in order to minimise any use of cash, as I intend to finance the purchase of the HDB EA totally with our CPF funds. Can you advise?
0 •
376 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Mike Lim
Replied
Morning Darren,

Work out on the returns that you can get from selling against the pricing of the unit which you are keen on. Check with the bank on how much you can loan before starting to market your unit and hunting, depending on your needs and requirements. There are more details to be worked into and I would be glad to provide you with the necessary assistance required.

Regards
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
Johnny Goh Mui Huat
Replied
Hi Darren,

We should start marketing your condo and the same time, starting looking for an EA.

Sell your condo first, and get bridging loan for the purchase. Ensure the completion of the condo to be after the completion of the EA purchase.

Hope that I have answered your question.

Feel free to contact me if you need an agent to assist you, I will be glad to share with you my marketing plan and answer any other questions that you might have.

Thanks and Regards
Johnny Goh
R018297H
Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions